Elon Musk is the richest man in the world, with an estimated net worth of US $189 billion as of February 2024, according to the Bloomberg Billionaires Index, and $196 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX. Elon Musk’s net worth in rupees is Rs. 2,10,000 crore (approx. conversion).
Table of Content
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Elon Musk |
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Age: |
52 years |
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Nationality: |
American, Canadian, and South African |
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Net Worth: |
$198 Billion |
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Height: |
1.80 M (5′ 11”) |
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Monthly Income: |
$200 Million (Approx.) |
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Salary: |
$2400 Million (Approx.) |
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Date of Birth: |
June 28, 1971 |
| Companies Founded | SpaceX, Tesla, Inc., Neuralink, The Boring Company, OpenAI, PayPal (X.com) |
| Education | University of Pennsylvania (BS and BA) |
Who is Elon Musk?
Elon Reeve Musk (born June 28, 1971) is a South African-born American business magnate, investor, engineer, and inventor. Elon Musk cofounded six companies, including electric car maker Tesla ( former chairman), rocket producer SpaceX ( founder, chairman, CEO, and CTO ), tunneling startup Boring Company (founder), co-founder of Neuralink and OpenAI, and president of the Musk Foundation.
Musk’s entrepreneurial ventures began in the late 1990s when he co-founded Zip2, a company that provided business directories and maps for newspapers. He sold Zip2 to Compaq for nearly $300 million in 1999. Musk then founded X.com, an online payment company that eventually became PayPal and was acquired by eBay for $1.5 billion in stock in 2002.
Following the sale of PayPal, Musk turned his focus to space technologies and founded SpaceX in 2002 with the goal of reducing space transportation costs to enable the colonization of Mars. SpaceX has made significant advances in space technology, developing the Falcon rocket series and the Dragon spacecraft, both of which have been contracted by NASA to supply the International Space Station.
Latest Elon Musk News 2024
Elon Musk continues to make headlines with his innovative ventures and influential actions. Here are some of thee latest news of Elon Musk –
Why is Elon Musk’s Tesla Inc. suing Gurugram-based Tesla Power India?
Read Elon Musk’s “hilarious” job proposal to a former X employee
Why Elon Musk chose to go to China rather than visit India
Musk’s Early Life and Education
At an early age, Elon Musk was very interested in computers and technology. At the age of 12, he taught himself how to program and even made a simple video game that he sold.
For his education, Musk went to Pretoria Boys High School. After finishing high school, he moved to Canada to attend Queen’s University in Kingston, Ontario, because he wanted to eventually move to the United States, and it was easier to get there from Canada. He studied there for two years.
Then, in 1992, Musk transferred to the University of Pennsylvania in the United States. There, he earned two degrees: one in physics from the College of Arts and Sciences and another in economics from the Wharton School of Business. After finishing his studies at the University of Pennsylvania, Musk went on to pursue a Ph.D. in energy physics at Stanford University in California, but he left the program just two days later to start his own business in the technology and energy sectors.
Elon Musk Wife
Elon Musk has had an interesting life with lots of changes, both in work and love. He first married Justine Musk in 2000, and they had six kids. They lived in California where Elon was building his businesses. But in 2008, they decided to go their separate ways.
Read more about Justin Musk
After that, Elon dated Talulah Riley, an actress from England. They got married, then split up, then got married again before ending things in 2016. Elon didn’t stop there; he then dated Amber Heard and later met Grimes, a singer from Canada. They joked together on Twitter, met in real life, and had two kids. They lived in California too, close to Elon’s companies like SpaceX.
In November 2021, Elon had twins with Shivon Zilis, who works at Neuralink, another company Elon runs. This happened just before he and Grimes had their second child, showing how Elon’s work and family life are closely connected.
Read more about – Elon Musk Wife (Complete Dating History of the World’s Richest Man)
Elon Musk Children
Elon Musk, has 11 children from his two relationships. His journey into fatherhood began with Justine Wilson, his first wife. They had a son named Nevada Alexander Musk in 2002, but unfortunately, he died at a very young age. The couple didn’t give up on having a family and were blessed with twins Griffin and Xavier in 2004. Their family continued to grow, and in 2006, they had triplets named Kai, Saxon, and Damian.
Years later, Elon Musk’s relationship with the Canadian musician Grimes brought more children into his life. They had their first child, a son named X Æ A-Xii (initially named X Æ A-12), in 2020. They embraced parenthood again with the birth of their daughter, Exa Dark Sideræl Musk, often referred to as Y, in 2021.
Read more about – Elon Musk’s 11 Children: All About His Kids and Their Mothers
How Did Elon Musk Make His Money?
Elon Musk’s wealth comes primarily from his ownership stakes in two companies he co-founded: Tesla and SpaceX. His wealth is a result of his early success with Zip2 and PayPal, followed by his visionary leadership and ownership stakes in Tesla and SpaceX, both companies at the forefront of their respective industries.
- Zip2 Corporation: Elon started his first company, Zip2, with his brother in 1995. This company provided online city guides for newspapers. He made his first big money when Compaq bought Zip2 for about $307 million in 1999.
- X.com and PayPal: Next, Elon founded X.com, an online payment company, in 1999. This company later became PayPal, a very popular way to pay for things online. eBay bought PayPal in 2002 for $1.5 billion, and Elon made more money from this sale.
- SpaceX: In 2002, Elon started SpaceX, a company that makes rockets and sends them to space. SpaceX has made a lot of money by sending satellites into space and working with NASA.
- Tesla, Inc.: Elon joined Tesla, a company that makes electric cars, in 2004. Tesla has grown a lot and sells many cars now. Its stock (shares of the company you can buy) has become very valuable, making Elon a lot of money.
- Other companies: Elon has also started or is involved in other companies like SolarCity (solar energy), Neuralink (brain-computer interfaces), and The Boring Company (tunnel construction).
As per Forbes, Elon Musk CEO of Tesla has a net worth of $195.3B
| Company | Business Area | Estimated Revenue or Value |
|---|---|---|
| SpaceX | Aerospace | $6.0 billion |
| Tesla, Inc. | Electric Vehicles & Energy | $96.8 billion (USD) |
| Neuralink | Neuroscience | $3.7 million |
| The Boring Company | Infrastructure & Tunneling | $2.7 million |
| SolarCity (now part of Tesla) | Solar Energy | $730 million |
| Social Media | $3.4 billion |
Read more about – Elon Musk Net Worth
Elon Musk Companies
Elon Musk bought Twitter for a huge $43 billion! This isn’t the first big company the Tesla boss has owned. Musk has lots of companies that are top in their fields, changing and making them better.
Elon Musk is a big deal in business. He started loving business when he was young. After seeing big chances in the USA, he moved from South Africa. He got degrees in physics and economics. Soon, he saw the internet was a big deal and focused on that.
His first big move was with Zip2, giving maps and guides to online newspapers. After Zip2, Musk didn’t stop. He’s in tech, cars with Tesla, space with SpaceX, and more. Musk is not just rich; he’s also working on big tech problems. Tesla and SpaceX are famous, but Musk has more projects going on.
| Company | Industry |
|---|---|
| Tesla, Inc. | Electric Vehicles & Energy |
| SpaceX | Aerospace |
| Social Media | |
| Neuralink | Neuroscience |
| The Boring Company | Infrastructure & Tunneling |
| SolarCity (now part of Tesla) | Solar Energy |
Read more about – Elon Musk Companies
Elon Musk’s Future Projects and Visions
Elon Musk is working on big projects with his companies: SpaceX, Tesla, Neuralink, and The Boring Company. Each company has its own special goals. SpaceX wants to send people to Mars. Tesla is making electric cars and trying to build cars that drive themselves. Neuralink is working on connecting the brain to computers. The Boring Company is trying to make super fast trains called Hyperloop.
These projects are very innovative and could change the future. But, they are also very hard to do, and Musk sets really big goals. People are watching these projects closely because they are so important and exciting.
| Company | Project/Goal | Description |
|---|---|---|
| SpaceX | Colonizing MarsStarlink Internet ConstellationPoint-to-Point Travel | Developing Starship for a self-sustaining human colony on Mars. |
| Launching satellites to provide global internet access, especially to underserved areas. | ||
| Designing Starship for ultra-fast travel on Earth, reducing continental travel times significantly. | ||
| Tesla | Electric Vehicle DominationAutonomous DrivingTesla Bot (Optimus) | Aiming to lead the global automotive industry with electric vehicles. |
| Developing self-driving technology to revolutionize transportation. | ||
| Creating a humanoid robot for automating repetitive tasks in factories and homes. | ||
| Neuralink | Brain-Computer InterfaceMerging Brain and AI | Working on a BCI to change how humans interact with technology, with applications in treating neurological conditions and human augmentation. |
| Envisioning a seamless interface between the human brain and AI. | ||
| The Boring Company | Hyperloop Transportation | Developing a high-speed transportation system using pressurized tubes, known as Hyperloop. |
Elon Musk Book
If you really like Elon Musk or just want to know more about him, the book:
“Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” is a great choice.
It’s all about one of the most creative and talked-about people today. This book by Walter Isaacson, who also wrote about Steve Jobs and Leonardo da Vinci, tells the full story of Elon Musk’s life. It talks about where Musk came from, the businesses he built, why he built them, and what he hopes for the future.
The book takes a close look at how Musk made companies like SpaceX, Tesla, and Neuralink. It shows what kind of boss Musk is and the tough things his companies have gone through. It also covers Musk’s private life and what he thinks about artificial intelligence, sustainable energy, and living on Mars.
Elon Musk vs. Mark Zuckerberg
Elon Musk challenged Mark Zuckerberg to a cage match on Twitter in August 2023 because they didn’t agree on some things about social media and business. Mark Zuckerberg replied with a joke, hinting they could fight using jiu–jitsu, a type of martial art he knows.
This challenge made a lot of news, and people started guessing where and how they would fight. Some news even said the fight was going to happen for sure.
But in the end, the fight never happened. Both Musk and Zuckerberg seemed to lose interest, and everyone stopped talking about it without any fight happening.
Read more about – Elon Musk Vs. Mark Zuckerberg (Who is Winning)
Grimes and Elon Musk
Elon Musk and Grimes, whose real name is Claire Boucher, were once a high-profile couple in the tech and music world. Here are some key facts regarding them:
- In 2018, Elon Musk and Grimes started dating, but we don’t know all the details.
- By May 2020, they had their first baby, a boy they named X Æ A-Xii, which sounds like “X Ash A Twelve.”
- In March 2021, Grimes was on “Saturday Night Live” with Elon Musk, showing everyone they were together.
- By September 2021, Grimes shared on social media that they split up but would still take care of their son together.
- In December 2021, Grimes suggested on social media they might get back together.
- Then, in March 2022, Elon Musk said they had a second baby, a girl named Exa Dark Sideræl, or “Y,” born through a surrogate.
- By September 2023, Grimes tweeted they had split up again.
Article Sources
- Tesla. “https://www.tesla.com/elon-musk“
- Investopedia. “https://www.investopedia.com/articles/personal-finance/061015/how-elon-musk-became-elon-musk.asp“
- Imbd. “https://www.imdb.com/name/nm1907769/“
- Bloomberg Billionaire Index. “https://www.bloomberg.com/billionaires/profiles/elon-r-musk/“
- Forbes. “https://www.forbes.com/profile/elon-musk/?sh=7000034e7999“
- cnbc. ” Elon Musk ran a nightclub out of his college frat house to make money for rent“
- Fortune. “Why Elon Musk dropped out of Stanford after only two days“
- YouTube. ” “Elon Musk Interview [I Made 180 Million Dollars but Still Had to Borrow Money for Rent“
- SpaceX. ” https://www.spacex.com/updates/“
- The Washington Post. “The 22 Most Memorable Quotes from the New Elon Musk Book, Ranked“
- Rolling Stone. ” Elon Musk: The Architect of Tomorrow“
Elon Musk (Companies, Latest News, Net Worth, Wife and Children ) – FAQs
1. How many kids does Elon Musk have?
Elon Musk is a father of 11 children with three different women, Talulah Riley (2013 – 2016), Justine Musk (2000-2008), Talulah Riley (2010-2012). He had twins and triplets with his first wife, Justine Wilson. Their names are: Xavier and Damian (boys), Triplets: Kai, Saxon, and Damian (all boys); He has two children with musician Grimes: X Æ A-Xii (pronounced “X Ash A Twelve”) and daughter: Exa Dark Sideræl Musk. He recently had twins with Shivon Zilis, an executive at his company Neuralink.
2. How much money does Elon Musk have?
The wealth of the Tesla, SpaceX CEO Elon Musk has an estimated net worth of $206 billion. His estimated fortune peaked at around $340 billion in November 2021 as Tesla shares soared. Musk often trades places with businesspeople like Bernard Arnault for the title of world’s richest person.
3. How old is Elon Musk?
Elon Reeve Musk is 52 years old. He is of British and Pennsylvania Dutch ancestry. His mother, Maye Musk (née Haldeman), is a model and dietitian born in Saskatchewan, Canada, and raised in South Africa.
4. Where is Elon Musk from?
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa’s administrative capital. He is of British and Pennsylvania Dutch ancestry. His mother, Maye Musk (née Haldeman), is a model and dietitian born in Saskatchewan, Canada, and raised in South Africa.
5. How much is Elon Musk Worth?
Musk’s net worth has grown significantly over the years due to the success of his companies and his ownership stakes in them. As of 2024, Elon Musk’s net worth today is estimated to be over $206 billion i.e., Rs. 2 lakh crores INR.
6. How tall is Elon Musk?
The Twitter boss Elon Musk actually stands at an impressive 6 feet 2 inches (1.88 meters), or 188 cm. This makes Musk clearly taller than the average height for men in both the United States and worldwide.
7. Where does Elon Musk live?
Elon Musk has lived in Pretoria, Boca Chica, Philadelphia, Kingston, Bel Air.
8. Is Elon Musk Jewish?
Elon Musk says he’s ‘Jewish by association’ after Auschwitz visit, sees ‘almost no antisemitism’ “I’m aspirationally Jewish,” Musk said. “So I was like, ‘What are people talking about with this antisemitism? ‘ Because I never hear it at dinner conversations.
9. How much did Elon Musk buy Twitter for?
Elon Musk completed the acquisition of Twitter for approximately $44 billion. This deal, finalized in late 2022, valued the social media company at around $54.20 per share. This purchase made headlines worldwide due to the significant changes and ambitious plans Musk proposed for the platform.
10. What is the Nationality of Elon Musk?
Elon Musk holds multiple nationalities. He was born in South Africa, making him South African by birth. He later moved to Canada, acquiring Canadian citizenship through his mother, who is Canadian. Musk then moved to the United States for college and eventually became a U.S. citizen. Therefore, Elon Musk is South African, Canadian, and American.
11. Is Elon Musk a US citizen?
Yes, Elon Musk is a U.S. citizen. He obtained U.S. citizenship in 2002, in addition to his South African and Canadian citizenships.
12. Was Elon Musk Born rich?
Elon Musk’s background is often described as coming from a family that was well-off but not extremely wealthy. He was born in Pretoria, South Africa, in 1971. His father, Errol Musk, is a South African electromechanical engineer, pilot, and sailor. His mother, Maye Musk, is a Canadian model and dietitian.
13. Did Elon Musk go to College?
Yes, Elon Musk went to college. He initially attended Queen’s University in Kingston, Ontario, Canada, for two years starting in 1989. Musk transferred to the University of Pennsylvania (Penn) in the United States in 1992, where he completed two bachelor’s degrees: one in physics from the College of Arts and Sciences and another in economics from the Wharton School of Business. After completing his undergraduate studies, Musk briefly pursued a PhD in applied physics at Stanford University in California. However, he left Stanford after just two days, deciding instead to focus on his entrepreneurial aspirations in the realms of the internet, renewable energy, and space exploration.
14. What car does Elon musk drive?
Musk has a known interest in classic and unique cars. He owns several notable vehicles, including a Lotus Esprit submarine car from the James Bond film “The Spy Who Loved Me,” which he purchased at an auction. However, for daily driving, it’s reasonable to assume he often chooses a Tesla, aligning with his company’s mission to accelerate the world’s transition to sustainable energy.